Webster Financial Corporation (WBS-PG)
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Company Profile
Webster Financial Corporation operates as the bank holding company for Webster Bank National Association that provides a range of banking investment and financial services to individuals families and businesses in the United States It operates through three segments Commercial Banking HSA Bank and Retail Banking The Commercial Banking segment provides lending deposit and cash management services commercial and industrial lending and leasing commercial real estate lending equipment financing and assetbased lending as well as treasury and payment services wealth management solutions to business owners operators and consumers and trust asset management financial planning insurance retirement and investment products The HSA Bank segment offers health savings accounts health reimbursement arrangements flexible spending accounts and commuter services that are distributed directly to employers and individual consumers as well as through national and regional insurance carriers consultants and financial advisors The Retail Banking segment provides deposit and feebased services residential mortgages home equity lines secured and unsecured loans and credit cards to consumers The company also offers online and mobile banking services As of December 31 2021 it operated 130 banking centers and 251 ATMs The company was founded in 1935 and is headquartered in Stamford Connecticut
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